They named United Overseas Bank (M) Bhd as the sole defendant in the suit that will be heard before High Court judge Justice Hue Siew Kheng for three days from Monday.

Lee said that on Oct 22, 2012, an officer from the Dang Wangi police station and the bank’s manager informed him that the safe deposit box had been broken into.

Upon arrival at the bank, he found all valuables missing from the box except for some documents.

In his statement of claim, Lee said they had notified the commercial bank on Sept 20 last year through their solicitor Messrs Mahendran & Co over their loss totalling RM1.48mil and inquired about an amicable settlement.

They said the bank responded that it was not prepared to do so.

Speaking to the media yesterday, Lee said he rented the safe deposit box since 1998 for RM250 a year.

“They told me later that the maximum insurance coverage for the rental of the box was RM10,000 only, as per our new agreement signed in 2002.

“They offered an amount but I was not agreeable to it and I opted to go for a full trial at the High Court,” he said, adding that a mediation with the bank on July 4 failed to resolve the claim.

In the lawsuit filed on Dec 3 last year, the couple said the bank had to ensure the individuals responsible for the loss were brought to book. They are seeking RM2mil in aggravated/exemplary damages and RM1,480,514 over the loss of their valuables, among others.

In the amended statement of defence filed on Jan 24, the bank denied negligence.

It explained that providing a safe deposit box was part of its services offered for a fee and that it was neither responsible nor liable to the plaintiffs in any way for any loss or damage to the contents of the box.

It stated that according to the rental agreement with the plaintiffs, the bank was only liable to pay up to RM2,500.

This entry was posted
on Friday, August 15th, 2014 at 4:45 pm and is filed under General.
You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.